Civic Intelligence

Options Charter School-Carmel Inc.

990 • Fiscal year 2021 • EIN 35-2157301

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 22, 2022

Organization ProfileWWW.OPTIONSINED.ORG
18077 River Road Ste 106Noblesville, IN 46062

(317) 773-8659

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

97th percentile

1.38x

Higher debt load relative to assets than 97% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

62nd percentile

0.27x

Higher debt load relative to revenue than 62% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

4th percentile

-55%

Higher net margin than 4% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

69th percentile

20%

Faster asset growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

89th percentile

105%

Faster revenue growth than 89% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$899,238

Up $148,310 (+20%) from 2020

Net Assets

Down

-$342,664

Down $166,931 (-95%) from 2020

Liabilities

Up

$1,241,902

Up $315,241 (+34%) from 2020

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin4th percentile

Revenue

Up

$4,681,881

Up $2,402,633 (+105%) from 2020

Expenses

Up

$7,260,580

Up $3,914,393 (+117%) from 2020

Net Income

Down

-$2,578,699

Down $1,511,760 (-142%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.0M$0-$1.0MAssets 2015: $390,073Liabilities 2015: $16,904Net Assets 2015: $373,1692015Assets 2016: $1,629,856Liabilities 2016: $1,016,904Net Assets 2016: $612,9522016Assets 2017: $1,730,710Liabilities 2017: $966,904Net Assets 2017: $763,8062017Assets 2018: $1,666,076Liabilities 2018: $866,904Net Assets 2018: $799,1722018Assets 2019: $1,646,380Liabilities 2019: $751,331Net Assets 2019: $895,0492019Assets 2020: $750,928Liabilities 2020: $926,661Net Assets 2020: -$175,7332020Assets 2021: $899,238Liabilities 2021: $1,241,902Net Assets 2021: -$342,6642021Assets 2022: $583,719Liabilities 2022: $1,016,102Net Assets 2022: -$432,3832022

Highlighted filing

2021

Assets$899,238
Liabilities$1,241,902
Net Assets-$342,664
Open 2021 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2015: $1,515,510Expenses 2015: $1,246,237Net Income 2015: $269,2732015Revenue 2016: $1,622,894Expenses 2016: $1,418,671Net Income 2016: $204,2232016Revenue 2017: $1,628,240Expenses 2017: $1,508,914Net Income 2017: $119,3262017Revenue 2018: $1,563,357Expenses 2018: $1,523,164Net Income 2018: $40,1932018Revenue 2019: $1,854,758Expenses 2019: $1,776,466Net Income 2019: $78,2922019Revenue 2020: $2,279,248Expenses 2020: $3,346,187Net Income 2020: -$1,066,9392020Revenue 2021: $4,681,881Expenses 2021: $7,260,580Net Income 2021: -$2,578,6992021Revenue 2022: $8,620,480Expenses 2022: $8,738,408Net Income 2022: -$117,9282022

Highlighted filing

2021

Revenue$4,681,881
Expenses$7,260,580
Net Income-$2,578,699
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 22, 2022
Return Version
2020v4.0
Gross Receipts
$6,714,585
Mission and Program Overview

Mission

Charter school in the carmel-clay school district of hamilton county indiana.

Charter school in hamilton county indiana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$526,996$786,709▲ $259,713
Land, Buildings, and Equipment, Net$187,264$112,529▼ $74,735
Other Notes and Loans Receivable, Net$36,668--
Total Assets$750,928$899,238▲ $148,310
Liabilities
Mortgage Notes Payable Secured by Investment Property$926,661$1,241,902▲ $315,241
Total Liabilities$926,661$1,241,902▲ $315,241
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-175,733$-342,664▼ $166,931
Total Net Assets Fund Balance$-175,733$-342,664▼ $166,931
Total Liabilities and Net Assets / Fund Balance$750,928$899,238▲ $148,310

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$76,745$132,234$208,979
Equipment$23,045$90,959$114,004
Leasehold Improvements$12,739$4,635$17,374
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Matt AbbottBoard Chair
John KerrVice Chair
Bob BarkerMember
Hannah HeuserMember
Stacy SegalMember
Travis CarmeanMember
Thomas Lyons IiiSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$6,714,442
Program Service Revenue
$0
Investment Income
$-2,032,561
Other Revenue
$0
All Other Contributions
$35,038
Change in Net Assets
$-2,578,699
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,258,940
Other Expenses$2,001,640
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,747,636$970,410-$3,718,046
Other Employee Benefits$1,212,992$327,902-$1,540,894
Occupancy$415,119$60,935-$476,054
Office Expenses$410,774$26,406-$437,180
Fees for Services Other$116,003$227,303-$343,306
Information Technology$244,267$10,231-$254,498
Insurance-$71,352-$71,352
Depreciation Depletion$67,722$841-$68,563
Travel$21,602$5,697-$27,299
Other Expenses$20,168$115,693-$20,168
Interest-$14,534-$14,534
Total Functional Expenses$5,330,843$1,929,737$0$7,260,580
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The cfo of the organization reviews the form 990 with the organization's cpa.”

Form 990, Page 6, Part VI, Line 12C

“Members review the policy and conflicts annually and sign a form stating possible conflicts.”

Form 990, Page 6, Part VI, Line 19

“Documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Options Charter Schools
EIN
35-2157301
Phone
3177738659
Address
18077 RIVER ROAD STE 106, NOBLESVILLE, IN 46062

Signing Officer

Name
Jake Brandau
Title
CFO
Phone
3177738659
Signed
2022-03-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jake Brandau
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
131

Preparer

Firm
Charles Madden Pc
Address
850 FORT WAYNE AVE, INDIANAPOLIS, IN 46204
Preparer
Daniel Marsh
Phone
3172660480
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Support operations of the schools.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference -31,884 ppp loan forgiveness 652,400 land and building donation, net 1,791,252 total 2,411,768”

Raw XML Appendix395 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0RECEIVES STATE FUNDING THROUGH TAX DOLLARS. ALSO RECEIVES STATE AND FEDERAL GRANTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SUPPORT OPERATIONS OF THE SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CFO OF THE ORGANIZATION REVIEWS THE FORM 990 WITH THE ORGANIZATION'S CPA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS REVIEW THE POLICY AND CONFLICTS ANNUALLY AND SIGN A FORM STATING POSSIBLE CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK / TAX DEPRECIATION DIFFERENCE -31,884 PPP LOAN FORGIVENESS 652,400 LAND AND BUILDING DONATION, NET 1,791,252 TOTAL 2,411,768
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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ReturnHeader/PreparerPersonGrp/PreparationDt02022-03-22
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ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$899,238
Liabilities
$1,241,902
Net assets
-$342,664
Revenue
$4,681,881
Expenses
$7,260,580
Net income
-$2,578,699
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$1.02$0.43$8.62$8.74$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.90$1.24$0.34$4.68$7.26$2.58
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.93$0.18$2.28$3.35$1.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.65$0.75$0.90$1.85$1.78$0.08
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.87$0.80$1.56$1.52$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.73$0.97$0.76$1.63$1.51$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.63$1.02$0.61$1.62$1.42$0.20
2015Detailed filing. Detailed filing data is available for this year.$0.39$0.02$0.37$1.52$1.25$0.27